{"id":17843,"date":"2025-03-07T06:40:08","date_gmt":"2025-03-07T06:40:08","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=17843"},"modified":"2025-03-07T06:40:08","modified_gmt":"2025-03-07T06:40:08","slug":"nzd-holds-weekly-gains-amid-u-s-dollar-weakness","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-latam\/analysis\/nzd-holds-weekly-gains-amid-u-s-dollar-weakness\/","title":{"rendered":"NZD Holds Weekly Gains Amid U.S. Dollar Weakness"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-latam\/wp-content\/uploads\/sites\/23\/2026\/03\/1_download-8-1024x559.png\" alt=\"\" class=\"wp-image-17858\" \/><\/figure>\n\n\n\n<p><strong>Key Points:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Kiwi <strong>(NZDUSD) traded around 0.5712<\/strong>, holding onto weekly gains despite a slight pullback.<\/li>\n\n\n\n<li><strong>Trump\u2019s shifting tariff policies<\/strong> fueled uncertainty, weighing on the U.S. dollar as<strong> investors await U.S. non-farm payrolls<\/strong> for further economic signals.<\/li>\n\n\n\n<li><strong>China\u2019s additional stimulus pledges<\/strong> continued to support the Kiwi.<\/li>\n\n\n\n<li><strong>RBNZ Governor Orr\u2019s resignation<\/strong> adds a layer of domestic uncertainty.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">NZDUSD Holds Above 0.5710 Despite Pullback<\/h2>\n\n\n\n<p>The <strong>NZDUSD (New Zealand dollar\/US dollar pair)<\/strong> traded around <strong>0.5712<\/strong>, maintaining a <strong>weekly gain<\/strong> despite a mild retreat in Friday\u2019s session. A weaker U.S. dollar, driven by <strong>trade policy uncertainty and shifting tariff decisions<\/strong>, has helped support the Kiwi.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Analysis<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"439\" src=\"https:\/\/www.vtmarkets.com\/en-latam\/wp-content\/uploads\/sites\/23\/2026\/03\/7.3_2-1024x439.jpg\" alt=\"\" class=\"wp-image-17860\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em>Picture: NZDUSD slides to 0.57117, testing support at 0.57009 as bearish momentum builds, as seen on the\u00a0<a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WAhttps:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WAhttps:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WAhttps:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\">VT Markets app<\/a><\/em><\/p>\n\n\n\n<p>NZDUSD declined <strong>0.32<\/strong>%, closing at <strong>0.57117 <\/strong>after opening at <strong>0.57299<\/strong>. The price tested a high of <strong>0.57406 <\/strong>and a low of <strong>0.57104<\/strong>, indicating mild bearish pressure.<\/p>\n\n\n\n<p>The moving averages (MA 5,10,30) suggest a downtrend, with short-term MAs crossing below the longer-term trend. The MACD (12,26,9) histogram is in negative territory, reflecting continued downside momentum.<\/p>\n\n\n\n<p>Key support is at <strong>0.57009<\/strong>, while resistance is seen at <strong>0.57595<\/strong>. A break below support may trigger further selling, whereas a push above resistance could signal recovery.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">U.S. Trade Policy Adds to Uncertainty\u2013Key Economic Data in Focus<\/h2>\n\n\n\n<p>The U.S. dollar softened after <strong>President Trump announced a temporary tariff reprieve for auto imports<\/strong> from Mexico and Canada, reversing an earlier decision to impose a 25% duty. Markets remain cautious as the <strong>lack of clarity in trade policy<\/strong> raises concerns about global economic stability.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">US stocks turned positive after a report said President Donald Trump was considering a one-month delay of auto tariffs on Canada and Mexico. Equities extended gains following confirmation of the tariff delay on some vehicles <a href=\"https:\/\/t.co\/LM4Ww5BYiD\">https:\/\/t.co\/LM4Ww5BYiD<\/a> <a href=\"https:\/\/t.co\/6USoJ4KAVN\">pic.twitter.com\/6USoJ4KAVN<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/twitter.com\/Reuters\/status\/1897525047780364523?ref_src=twsrc%5Etfw\">March 6, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Traders are now <strong>looking ahead to the U.S. non-farm payrolls report<\/strong>, which could influence <strong>Federal Reserve policy expectations<\/strong>. Meanwhile, domestic uncertainty lingers following <strong><a href=\"https:\/\/www.nzherald.co.nz\/business\/reserve-bank-governor-adrian-orr-has-resigned\/Z7MRFW5UCJFF7AUJ74BIRVOYQE\/\" title=\"\">Reserve Bank of New Zealand Governor Adrian Orr\u2019s resignation<\/a><\/strong>, with markets awaiting potential policy direction shifts.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">China\u2019s Stimulus Supports Kiwi Strength<\/h2>\n\n\n\n<p>NZD also found <strong>additional support from China\u2019s fresh stimulus commitments<\/strong>, extending beyond its fiscal measures outlined in <a href=\"https:\/\/www.msn.com\/en-us\/money\/markets\/sustaining-economic-growth-and-other-takeaways-from-chinas-legislative-session\/ar-AA1Ai9L5?ocid=BingNewsSerp\" title=\"\">Wednesday\u2019s annual work report<\/a>. This has <strong>helped improve risk sentiment<\/strong>, benefiting the commodity-linked currency.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Market Outlook<\/h2>\n\n\n\n<p>NZDUSD remains <strong>resilient<\/strong> as long as <strong>global risk sentiment holds firm<\/strong>. However, a <strong>strong U.S. jobs report<\/strong> could apply downward pressure, while weak data may <strong>propel the pair higher<\/strong>.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\">Create your live VT Markets account<\/a><\/strong><strong>&nbsp;and&nbsp;<\/strong><strong><a href=\"https:\/\/myaccount.vtmarkets.com\/login\">start trading<\/a><\/strong><strong>&nbsp;now.<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.vtmarkets.com\/#facebook\" rel=\"noreferrer noopener\" target=\"_blank\"><\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NZDUSD trades around 0.5712, holding weekly gains as China\u2019s stimulus offsets U.S. tariff uncertainty, while traders await key jobs data. -vtmarkets.com<\/p>\n","protected":false},"author":2,"featured_media":17858,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[44],"tags":[47,14,60],"class_list":["post-17843","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-dollar","tag-forex","tag-kiwi"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-latam\/wp-json\/wp\/v2\/posts\/17843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-latam\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-latam\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-latam\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-latam\/wp-json\/wp\/v2\/comments?post=17843"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-latam\/wp-json\/wp\/v2\/posts\/17843\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-latam\/wp-json\/wp\/v2\/media\/17858"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-latam\/wp-json\/wp\/v2\/media?parent=17843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-latam\/wp-json\/wp\/v2\/categories?post=17843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-latam\/wp-json\/wp\/v2\/tags?post=17843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}